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to become treasury secretary. thursday, obama tapped his own chief of staff jack lew to replace timothy geithner air. lew was an executive at citigroup from 2006 to 2008 at the time of the financial crisis. he served as chief operating officer of citigroup's alternative investments unit -- a group that bet on the housing market to collapse. lew has long pushed for the deregulation of wall street. from 1998 to january 2001 he headed the office of management and budget under president clinton. during that time, clinton signed into law two key laws to deregulate wall street -- the financial services modernization act of 1999 and the commodity futures monitored his asian act of 2000. on thursday, independent senator of vermont bernie sanders criticized the nomination saying -- at a press conference at the white house thursday, president obama praised the record of jack lew. >> jack has the distinction of having worked and succeeded in some of the toughest jobs in washington and private-sector. as a congressional staffer in the 1980's, he helped negotiate the deal between president reagan an
, the president nominated the current white house chief of staff jack lew to replace timothy geithner. >> jack has my complete trust. i know i'm not alone in that. in the words of one former senator, having lew on your team is the equivalent of a coach of having the luxury of putting somebody at almost any position and knowing he will do well. >> joining me is john harwood, a lot of nice compliments for mr. lew. we do we anticipate any trouble? we have heard one or two republicans expressing unhappiness with the selection. >> reporter: well, i just got a tweet from his former spokesman at omb which said that jack lew before the full senate for confirmation five times. not a single no vote so far. i would not expect that to be the case this time but i don't think there's a serious threat to the nomination. jack lew is confident, self effacing. he is easy to get along with. yes, a tough negotiator. some republicans didn't like that. yes, some republicans don't like president obama's economic policies. fair enough. that's not much of a reason to vote against him. i wouldn't expect much opposition. >>
it official and nominates jack lew for treasury secretary. but, he received a quote obscene million dollar bonus as his boss obama would put it while working at citibank which got bailed out to the tune of $45 billion. is that part of the jack lew story that's going to make him toxic in his confirmation hearings? >>> and we go out to san diego where the family of the late nfl star junior learned he had a brain disease when he committed suicide. did football kill him? >>> and back to hollywood, my favorite movie of the year "lincoln" gets the lion share of oscar nominations. this is a fabulous film about government dysfunction and how abe lincoln solved it then. can we learn something about it now? the "kudlow report" begins right now. >>> first up this evening, call it the d.c. gun show. all the major gun players meeting with vice president joe biden and attorney general eric holder. cnbc's own eamon javers joins us now with all the details. good evening, eamon. >> good evening, larry. well, even as the vice president was holding a meeting in the white house complex today about gun control
to nominate jack lew to be the treasuresy secretary. joining us to discuss this are familiar faces. karl rove from texas. and joe trippi in washington. thank you for being here. i want to break down battles one-by-one. the first one getting attention is chuck hagel for defense secretary. how big of a bat doll you think this is. where do you think it will play out? >> this is the biggest of the five nomination fights we know about. maybe a vote against hagel. few republicans, none come to his defense. few republicans might vote for him. he has a contentious personal background. hard, acerbic and hard to work with. more important than that is the record on the issues. opposed to iranian sanctions. he opposed the iraq surge. defended dialogue with hamas. refused to join in a letter calling on e.u. to condemn hezbollah. he had a pejorative comment to jewish lobby. he has taken stances that indicateed he is less than supportive of the relationship with israel. >> there are two key democrats that could factor in how this goes. one is new york democratic senator schumer. >> he is staying quiet on th
to be treasury secretary. barack obama yesterday it leaked out he was going to nominate jack lew to run the treasury department. he hasn't made the official announcement but it looks like jack lew is going to take that over which means we're going to get a new signature on our flat money. because you know, the treasury secretary has a signature. bill is checking to see if he has timothy geithner's autograph there on his dollar bills. >> bill: yes. >> peter: he's got a nice, neat little signature. timothy geithner. there is a whole hubbub now over jack lew's signature. are you ready america? to see that on your flat money. if you can't see it is just a squiggly line of a signature. it looks like someone has had too much to drink and tried to draw a caterpillar. >> that's something that someone could forge very easily. >> peter: it looks kind of like a war shock test. there's jack lew's signature right there. tell me what you see. i see a butterfly. that will be very interesting to see that on your money. >> bill: but it should be noted before he came treasury secretary, timothy geithner
in washington. jack lew officially nominated as treasury chief. lew is known for his role in the being acrimonious talks in 2011. what could it mean this time. >> tiffany disappoints again with weaker holiday sales. there was weakness in the americas, strength in asia. so how much of a read through to the rest of retail is this earnings report? >>> nokia shares soaring this morning after a bullish outlook for the first quarter. >>> and herbal life's big day to defend itself against bill ackman's damning allegations. we'll have the latest and the ceo join us later in the show. >>> well, today president obama is set to nominate white house chief of staff jack lew as his next treasury secretary. succeeding tim geithner. lew has been budget director in both the obama and clinton administrations. he will pray a major role of course in negotiations over the debt ceiling and potential spending cuts. the president will make his announcement at 1:30 eastern. it's an event in the east room at the white house. i have to say off the bat just because he's a forest hills guy like me that i, you know
's here live next. and today, president obama nominates jack lew to be the next treasury secretary, geithner is going. he takes new heat why his last four cabinet nominees are all white men. da dana perino reminds us how they were mocking mitt romney's binder of women comment. and georgia in the middle of the gun debate after a mother was forced to use a gun to defend herself and her children after a burglar was breaking into the home. and we hear it in real time as police release the 911 call. >> if he opens that door, you shoot, you shoot him, you understand? ♪ you know my heart burns for you... ♪ i'm up next, but now i'm sging the heartburn blues. hold on, prilosec isn't for fast relief. cue up alka-seltzer. it stops heartburn fast. ♪ oh what a relief it is! cue up alka-seltzer. it stops heartburn fast. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. [ male announcer ] you've reached the age where
obama nominated jack lew to be his next treasury secretary. the third white male in a row selected by the president for position in his cabinet. where are the women? and the minoritys? in the cabinet of our liberal president? here is a congressman charles rangel thinks about that situation. >> it's embarrassing as hell. it could be the harvard people where people just know each other, trust each other and women and minorities don't get a chance to rub elbows. he had four years to work the bench. >> kimberly: "new york times" ran this photo showing the president with a group of all white men advising him in the oval office. the white house quickly snatched it and relesioned this 4info instead that has a much more diverse crowd of advisors. i'm with him on this. where are the women? where are the minoritys? they make every place better, right? >> bob: i'm a minority every day. >> kimberly: do you need a hug? >> eric: we have three smart women. greg got a flu shot. he has the flu. >> dana: but he has had it for three weeks. >> kimberly: another flu sandwich on top of it. >> eric: i am
conference. unfortunately, i don't like jack lew's record. he used to work for citi group. guess what happened after the bailout? he got a $950,000 bonus. there is some issues. the bigger substancive issues, what is his view on bank reregulation that has caused so much problems. yesterday, president obama was very clear on deregulation. watch. >> 21 times just this year, john mccain has said we need to deregulate the financial industry right at a time when we know that it's because of deregulation that wall street was able to engage in the kind of irresponsible actions that have caused this financial crisis. >> cenk: very clear but when jack lew was asked during his original confirmation for manager and budget, here's what he said about deregulation. >> my sense is as someone who has generally been familiar with these trends is that the problems in the financial industry preceded deregulation, but don't believe that deregulation was the proximate cause. >> cenk: that is preposterous. only a million% wrong. how could anybody think that deregulation didn't have to do with the destructio
: this could be a battle, a battle over the president's nomination for jack lew as treasury secretary. republican senator jeff sessions has become the first senator that vows to vote no on that nomination. white house spokesman jay carney with this comment just yesterday that got some attention about our out of control debt. >> most importantly, because deficit reduction is not a goal, a worthy goal unto itself this is all about making our economy stronger and making it more productive and allowing it to create even more jobs. i mean that is the most important thing when it comes to economic policy as far as the president's concerned. bill: okay. steve hayes, senior writer, "weekly standard", fox news contributor. interesting comment i think at a minimum. specifically on senator sessions, strong words. lew must never be treasury secretary. he calls outrage just testimony, testimony that he doctors false, that lew gave to the senate budget committee two years ago. there is baseline of information we need to share first of all. what is that about the testimony? >> well, i think the thin
-- his own chief of staff, jack lew. it was widely reported today that the announcement will come tomorrow. lew played a key role in the recent fiscal cliff negotiations with congress, and he previously headed the office of management and dget. if confirm by the sete, lew would replace timothy geithner who's stepping down later this month. labor secretary hilda solis submitted her resignation today, after four years on the job. she made the decision public in an e-mail message. labor unions have praised solis for aggressively enforcing wage laws and job safety. business groups have complained she refused to take a more cooperative approach. american international group will not join a shareholder lawsuit over its federal bailout. a.i.g.'s directors said today they were legally oblited to considetaking part, buthey opted against it. the company had faced mounting criticism since news of the suit broke. the 2008 rescue of a.i.g. cost $182 billion-- the largest of the financial crisis. all of it was paid back, leaving the u.s. government with a profit of $22 billion. vice president b
secretary-- his own chief of staff, jack lew. it was widely reported today that the announcement will come tomorrow. lew played a key role in the recent fiscal cliff negotiations with congress, and he previously headed the office of management and budget. if confirmed by the senate, lew would replace timothy geithner who's stepping down later this month. labor secretary hilda solis submitted her resignation today after four years on the job. she made the decision public in an e-mail message. labor unions have praised solis for aggressively enforcing wage laws and job safety. business groups have complained she refused to take a more cooperative approach. american international group will not join a shareholder lawsuit over its federal bailout. a.i.g.'s directors said today they were legally obligated to consider taking part, but they opted against it. the company had faced mounting criticism since news of the suit broke. the 2008 rescue of a.i.g. cost $182 billion-- the largest of the financial crisis. all of it was paid back, leaving the u.s. government with a profit of $22 billion. vice
to nominate jack lew for treasury secretary today, so is this signature coming to a dollar bill near you today? january 10th, 2013. >>> good morning, welcome to "today" on this thursday morning. i'm savannah guthrie. >> i'm in more matt this morning. this case is pretty serious. nine states, health officials reporting a real problem in massachusetts. >> that's right. at least 18 flu related deaths so far. 700 confirmed cases in boston alone. hospitals are overrun with people complaining with flu-like symptoms coast-to-coast. we'll get the latest in a report straight ahead. and carl, after confess iing to all of us, only matt received his flu shot. we're going to do something. we're going to get a flu shot. >> i'm already thinking which arm to roll up. >> roll up that sleeve. i wore short sleeves on purpose. >>> joe biden comes face to face with members of the nra today. at the white house with details. >>> surprising punishments of some distracted drivers involved in deadly crashes are now getting, why are some of these sentences just so light. >> savannah, as you get set to head to the golden
to nominate his chief of staff, jack lew, to replace timothy geithner at the treasury department for obama's second term jack lew widner geithner in heading treasury after a stint on wall street, working at the financial giant citicorp between 2006 and 2010. the u.n. arab league envoy to syria has issued his strongest words to date against the regime of syrian president bashar al- assad. speaking to bbc news, lakhdar brahimi appeared to endorse al- assad's departure from government as part of any political solution in syria. >> what people are saying, it is a little bit too long. so the change has to be real. i think president assad could for what hislead an people want, rather than resisting it. >> afghan president karzai is in the u.s. for talks with president obama on u.s. troops levels in afghanistan after the withdrawal deadline of 2014. obama administration officials have recently floated troop numbers ranging from zero to 20,000 after combat operations formally come to an end. karzai kicked off his visit on wednesday by meeting a group of senators. >> the trip has just begun and the
. but president obama could announce his new pick for treasury secretary as soon as today. jack lew is reportedly the current's -- could be his nominee. he's currently the chief of staff, also a former budget director, as well. insiders say he's the best person to take on the many looming battles with congress that are coming up, including the battles over the debt ceiling and those pending budget cuts. and if he is confirmed, you'll be seeing a lot more of this. that is jack lew's looping signature on every new greenback that is printed. it's been described as a slinky that lost its spring. lew says he'll make his name more legible if, in fact, he does get the job. >>> and vice president joe biden meets with the nra today as the debate over gun violence intensifies. it could be a tough sell since the group has already said it opposes any new restrictions on fire arms. among those speaking out is new york's governor. andrew cuomo is urging lawmakers in his state to close loopholes on the state's assault weapons ban. >> this is not taking away people's guns. i own a gun. i own a remington shotgun.
live to the white house. president obama is set to name jack lew as the next treasury secretary, becoming the 76 to treasury secretary so far. so far only one republican has come not in opposition. we will hear from the president and likely jack lew as well. vice president joe biden continues meetings on the gun violence task force coming hearing from walnut -- wildlife interest groups this morning. he is doing a widespread review of the safety laws. he will be meeting in about half an hour with the national rifle association. president obama has set a late january deadline for vice- president biden's proposals. before the meeting got under way, he spoke to reporters for about 15 minutes. >> let me thank you all for being here. you represent the bulk of sportsmen in this country, and you all know this is a complicated issue. there is no singular solution to how we deal with the kind of things that happen in new town or colorado or the general gun violence in america today. the president and i and the cabinet, we understand it is a complicated issue. that is why when the presiden
] >> coming up next, president obama's announcement for jack lew to become the next treasury secretary. >> friday marked the 11th anniversary of the opening of the guantanamo bay. coming up, the american foundation hosts a discussion on the present's pledge to close the facility. live, here on c-span. >> if you ask how many self identify as libertarians, depending on which poll, you might get 10% or 15%. if you give people a battery of questions about different ideological things, and then you track those to different ideologies, then you get up to 30% of americans. if you ask the following question, are you economically conservative social liberal, you get over half of americans calling themselves. just because people say these things, it does not necessarily mean they really believe that. if you ask most americans if they want smaller government, they say yes. spend less money, yes. they do not want to cut anything though. it is not sure -- it is not clear there really believe in it. libertarians, if they were conscious and political, it could be a big movement. it could be a big gro
for a second. john kerry, chuck hagel and now jack lew who could become part of the second term cabinet. the question is, where are the women? gloria borger has thoughts. >> we are here! >> we're next. (dog) larry,larry,larrryyy. why take exercise so seriously,when it can be fun? push-ups or sprints? what's wrong with fetch? or chase? let's do this larry! ooh, i got it, i got it! (narrator) the calorie-smart nutrition in beneful healthy weight... includes grains and real chicken, because a healthy dog is a playful dog. beneful healthy weight. find us on facebook to help put more play in your day. . >>> the president's labor secretary announced her resignation yesterday. the same day it just so happened that this photograph appeared on the front of the "new york times." take a look with me. take a long look. all men. so it appears at this fiscal cliff meeting convened by the president. you look closely enough and you can see the leg of white house adviser valerie jarrett. that is valerie jarrett's leg obscured by the man in corduroys. today democrat charlie rangle is quoted as saying it
soon be a new signature on the dollar bill, jacob "jack" lew is said to be the president's pick to replace treasury secretary timothy geithner. that nomination is expected tomorrow. should he be confirmed by the senate, one of lew's first challenges will be dealing with the rapidly approaching debt ceiling. darren gersh reports. >> reporter: assuming he wins senate confirmation, jacob "jack" lew will take over a treasury that is rapidun
of who is going to be in the president's cabinet. jack lew is the likely nominee. if he picks lew it could set the stage for another contentious confirmation battle. is there any other kind these days, mike emanuel? it seems like everybody that is being picked with the sepgs of senator kerry looks like a tough battle on capitol hill tell us a little bit more about this. >> reporter: good afternoon to you, as you look the at recent nominations these people are all obama people and jack lew has served this president as director of the office of management and budget and white house chief of staff. we are told it is all but a done deal for jack lew to replace timothy geithner as treasury secretary. lew has become a favorite of the president because he has sharp knowledge of the federal budget and his style is no drama. his confirmation would likely be taking place during some bruising budget fight and as congress considers increasing the nation's credit card the debt limit from the podium the white house press secretary has avoided getting ahead of mr. obama. >> i have no other annou
president obama tapped current white house chief of staff jack lew to take the place of tim geithner, and we expect that announcement tomorrow. jay carney likely to get questions about that today at the white house briefing set to start at 2:15 eastern now, and it will be live here on c-span2 live coverage, a discussion on this year's budget battle from today's "washington journal." >> host: back at the table is the president of club for growth, talking about the republican agenda for the 113th congress. let me show our viewers the "washington times" from mondays and the headline, g.o.p. shut down and sanity jolt as a way to press need for cuts." when it comes to the next budget battles ahead, republican senators, ted cruz, and others, laying the ground work. are you part of the effort or consulting with them on this? what do you think about it? >> guest: we supported people like cruz and others champions of economic freedom in the senate and other house members. we do that because we want fiscal sanity in washington. we endorse people at the club for growth we think hold a pro-growth view,
knowledge from the administration on that fact. if he sends up jack lew, that will be a tough nomination. >> chip, what do you think? tim geithner stepping down. how do you think it's going to impact? do you think, either of you, if the president were to ask tim geithner to stick around at least through that, like, listen, friend, can you extend this another six weeks because i don't want to go through a nomination fight in the middle of all of this as well, don't you think tim geithner would say okay? >> one thing i learned in politics, if the president of the united states asks you to do something, you usually do it. you do it enthusiastically. i think timothy geithner, i agree with what jimmy was saying, i think he knew for a long time he was leaving. they've had a long time to get their successor in place. i think it is going to be jack lew for a variety of reasons. in this fiscal cliff debate, we saw jack on the sideline and not fighting with the senators. think he was saving him for this nomination process. i think it is going to be jack. >> good to see you both. thanks, guys. >>>
to nominate his choice for treasury secretary today. the nominee, what house chief of staff jack lew. if confirmed by the senate, he would replace tim geithner. some complain that he is too unyielding in past fiscal negotiations, specifically alabama senator jeff sessions. he says, "jack lew must never be treasury secretary." adding, "any loan disqualifies." senator sessions is not saying yet whether he will filibuster the nomination. president obama will make the announcement at 1:30 p.m. eastern time, and you can hear it live on c-span radio or watch on c-span. meanwhile, labor secretary bill the sully's is resigning, saying she returns -- labor secretary hilda solis is resigning. responding to the news, president obama called her a tireless champion for working families. the white house says that attorney general eric holder, health and human services secretary kathleen sebelius, and -- will remain at their posts. a new rule on mortgages. the aim is to return -- for the first time, federal regulators are laying out rules to ensure mar words can afford to pay the cost of the mortga
to see him go. but i cannot think of a better person to continue tim's work at the treasury than jack lew. this is bittersweet not only because tim is leaving, but also because jack has been my chief of staff for the last year. he was my budget director before that. i trust his judgment. i value his friendship. i know fewer people with greater integrity than the man to my left. i do not want him to go, because it is working out really well for me to have him here in the white house. but my loss is the nation's game. jack has the distinction of having worked and succeeded in some of the toughest jobs in washington and the private sector. he helped negotiate the deal between president reagan and tip o'neill to save social security. under president clinton, he oversaw three budget surpluses in a row. for all the talk out there about deficit reduction, and making sure our books are balanced -- he is the guy who did it. 3 times. he helped oversee one of our nation's finest universities and one of our largest investment firms. -- banks. in my administration, he has managed operations for the st
nomination of the white house chief of staff jack lew to treasury secretary shows president obama has no intention following through on cuts. here is charles krauthamer on this last night. >> he is not interested in spending cuts. he is not interested in reform. he wants to defend the entitlement state. he wants to defend obamacare. even add on to it. he calls it investments. of course normal people would call it spending. and lew is the guy you want if you want to hold the fort what i call reactionary liberalism. you have the great achievements of the last century in building an entitlement state. he is the guy who would defend the for the. martha: great achievement in building entitlement society. says charles krauthamer. we have marjorie clifton and braid blakeman. good to have you both of us with us. >> thank you. martha: here is the fight. and my question for you, brad, how specific, how should republicans handle this? how, you should they do a big p.r. campaign and say these are the specific things we want to cut, mr. the president and you give us good argument not to do it? >>
as treasury secretary. fox news confirming president obama is choosing jack lew. casey anthony lawyers will appeal today. anthony was found guilty of lying to detectives. >>steve: you might have said you liked it when you got it, but what do you do with all those christmas presents if you didn't really like them and don't really need them? don't feel bad because roughly 10% to 15 partly cloudy of all christmas gifts are taken back or exchanged. that adds up to nearly $88 billion worth of things. how can you turn your unwanted gifts into cash? we are joined by an expert, sandra smith. good morning to you. >> good morning. >>steve: for one reason or another we get stuff for christmas maybe we don't need. we've got four of those already. you've got a way you can make some money. >> you can open a closet and dedicate it to all those unwanted christmas gifts and use them throughout the year. maybe you get candles and soaps you may not want. however you may be going to a dinner party later in the year -- >>steve: you're talking about regifting. >> while it's not immediate cash in your pocket
-mail, too. the president nominating jack lew to become the treasury secretary. partly and chiefly because of his budget experience. what are your thoughts about the pick and what he brings to the table? guest: i certainly hope it will be positive. i think he will be on a roll with treasury to be having a lot of data at his fingertips, which indicates virtually no interest environment that we are in, it has its pluses and minuses. it also is an environment today where there is not much inflation. if he were to compound inflation in the future, he would well understand what that would do to budgets as well. i think he hopefully is able to bring a perspective and said, let's get some long-term problems dealt with now because here are the risks. he has to be a risk manager. he has to be able to explain these things. this has not been talked about yet. i held as treasury secretary -- he has had experience around congress -- he is more of a washington person. i would hope because he has had political awareness, he would understand the significance and focus on a growth agenda. the fundamental c
Search Results 0 to 40 of about 41 (some duplicates have been removed)